Ethereum News Today: Cardano ADA Could Surge 2000% If Chart Pattern Completes

Generated by AI AgentCoin World
Tuesday, Aug 26, 2025 1:31 am ET1min read
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Aime RobotAime Summary

- Analyst Quantum Ascend compares Cardano's ADA chart to Ethereum Classic's 2021 breakout, projecting a potential $10.67 price target via a five-wave pattern.

- ADA's 7-year consolidation phase mirrors Ethereum Classic's 4.5-year pattern, suggesting stored momentum for a possible 2,000% surge if the trend completes.

- Price trajectory anticipates a $3.12 test followed by a $1.68–$2.50 pullback, building a stronger base for a final explosive wave during the next altseason.

- Shared historical ties between Cardano and Ethereum Classic, both co-founded by Charles Hoskinson, reinforce the validity of the comparative chart analysis.

Cardano’s

ADA
has drawn renewed interest as market analysts draw comparisons between its chart pattern and Ethereum Classic’s historic 2021 breakout. According to analyst
Quantum
Ascend, ADA may be following a similar five-wave structure, which could eventually lead to a potential price target of $10.67. The current trajectory suggests ADA could first test the $3.12 level, followed by a pullback to the $1.68–$2.50 range before surging in a final wave [1].

Quantum Ascend emphasized striking similarities between Cardano’s weekly chart and Ethereum Classic’s chart formation. Both projects share a foundational link, as Charles Hoskinson, Cardano’s founder, was also involved in Ethereum Classic’s early development. Overlaying Elliott wave analysis on Ethereum Classic’s past performance onto Cardano’s chart, the analyst identified an incomplete fifth wave, suggesting ADA could still experience a dramatic price expansion [1].

The current consolidation phase in ADA’s price appears to be acting as a coiled spring, according to Fibonacci projections and temporal comparisons. Ethereum Classic’s consolidation period lasted approximately four and a half years, and Cardano’s consolidation began in 2017, reaching a similar duration. This drawn-out pattern, the analyst argues, indicates stored momentum, potentially leading to a 2,000% increase if the pattern completes [1].

While the potential for a strong upward move exists, the path is expected to be volatile. A rise to $3.12 could be followed by a dip to $1.68–$2.50, mirroring Ethereum Classic’s retracement before its final explosive wave. This kind of price action builds a stronger base for a breakout, according to Quantum Ascend. If the pattern holds,

Cardano
could see a significant rally during the next altseason, marking one of the most substantial price runs in its history [1].

Source: [1] Cardano’s Altseason Path: From $3.12 to a Potential $10.67 Final Wave (https://cryptonewsland.com/cardanos-altseason-path/)